Brite Toothbrushes has gathered the following information to complete its Production Report for the month of...
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Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to 2 decimal places.) Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXx UNITS Physical Units Units to be accounted for: Beginning work in process 50% complete as to conversion 12,500 Started into production 65,000 Total units 77,500 Equivalent Units Direct Materials Conversion Cost Units accounted for: Completed and transferred out 65,000 Ending work in process 30% complete as to conversion Total units Direct Conversion Cost Total COSTS Materials Cost Cost of beginning work in process 52,500 $ 17,500 $ 70,000 Current period costs Current period costs Total costs $ 1,007,500 $ 1,031,250 $ 2,038,750 Equivalent units Cost per equivalent unit Direct Materials Conversion Cost Total Cost Costs to be accounted for Beginning work in process Curront period costs Total costs Costs accounted for: Completed and transferred out Ending work in process Total costs Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to 2 decimal places.) Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXx UNITS Physical Units Units to be accounted for: Beginning work in process 50% complete as to conversion 12,500 Started into production 65,000 Total units 77,500 Equivalent Units Direct Materials Conversion Cost Units accounted for: Completed and transferred out 65,000 Ending work in process 30% complete as to conversion Total units Direct Conversion Cost Total COSTS Materials Cost Cost of beginning work in process 52,500 $ 17,500 $ 70,000 Current period costs Current period costs Total costs $ 1,007,500 $ 1,031,250 $ 2,038,750 Equivalent units Cost per equivalent unit Direct Materials Conversion Cost Total Cost Costs to be accounted for Beginning work in process Curront period costs Total costs Costs accounted for: Completed and transferred out Ending work in process Total costs
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Explanation Weighted average method Equivalent units in Beginning work in process Equivalent units ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1260413984
4th edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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